Disclosure: I’m Guntis from Mineshop.eu, an EU mining-hardware shop in Ireland, so I have a commercial interest. The calculator below is free and open source: no sign-up, and nothing you type is sent anywhere.
“Home” Scrypt miners are in a different league from the tiny SHA-256 lottery miners. They draw hundreds of watts, so the electricity bill decides almost everything. A quick way to get a real figure:
- Measure at the wall with a plug-in power meter for 24 hours. Rated figures are often optimistic.
- kWh per year = watts × hours per day × 365 ÷ 1,000.
- Multiply by your unit rate.
Examples at the UK Ofgem price cap for October to December 2026 (26.32p/kWh average, Direct Debit), running 24/7 at the rated power:
| Miner (rated power) | kWh a year | Cost a year |
|---|---|---|
| Fluminer L2 (230 W) | 2,015 | about £530 |
| VolcMiner D1 Mini (500 W) | 4,380 | about £1,153 |
| Fluminer L1 (1,200 W) | 10,512 | about £2,767 |
Before you compare that with what the miner earns, remember that LTC and DOGE revenue changes daily with price and network hashrate, so check a live profitability source at your exact rate.
On a two-rate tariff such as Economy 7, a miner running 24/7 only gets the cheap rate during the off-peak window: with 7 off-peak hours, that is about 29% of its energy.
The heat is not wasted in winter if it replaces electric heating in the same room. In summer it is just extra load (and noise).
Free calculator (any wattage, single rate or two-rate tariff; source and tests are on GitHub, linked from the page): Home Bitcoin Miner Running Cost Calculator (UK): Price Cap vs Economy 7 | Mineshop
Longer UK write-up (legal status, noise, and import VAT when buying from the EU): ASIC Bitcoin Mining in the UK 2026: legal, cost and setup guide
What does your setup draw at the wall, and what rate are you paying?